BANKNIFTY High volatility and a negative opening are expected due to global market turmoil and the upcoming F&O expiry on the NSE on 30th June.
The upward moment may lead the Index to 58900 – 59000 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 59600 – 59700 range.
On the contrary, a downward moment may drag the Index to 57600 – 57500 support range in downward momentum and if this support is broken then the index may tank near the 56900 – 56800 range.
Trade closed: target reached
Open flat with high near 58320 then tank to low near 57635 with close near 57725.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.